With Wingocard you can purchase prepaid Visa/MasterCard cards for your kids and teens. Cards are available in different denominations for all of the popular card types. The currency of pick up cards is USD. Card denominations range from $20 up to $500. You can enjoy all the standard card features (e.g. PIN, credit limit, fees) on the Wingocard cards.
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If you’re a parent with a child who needs to earn money or save for college, a WingCard might be just the thing to keep them out of trouble and on track. WingCards are a prepaid debit card — kind of like a prepaid credit card — for kids and teens.. Read more about credit or debit card for teenager and let us know what you think.
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Since their introduction in the spring, the Wingocard Prepaid Visa Cards have been used by over 75,000 teenagers.
Wingocard debuted in May 2021 as a highly anticipated product backed by more than $3 million in funding, and it’s rapidly gaining momentum in the young personal finance space.
This card and mobile app are quite similar to many others we’ve looked at in that they allow for quick transfers between parents and teenagers, comprehensive activity monitors, and parental restrictions. Wingocard also offers above-average spending freedom and a good technological user experience on top of these pretty typical capabilities. Wingocard is shaping out to be a fantastic product in general. Here you’ll find the information you’re searching for.[See how the Wingocard compares to the competition in our 2021 roundup of the top debit cards for kids and adolescents!]
This article will teach you how to:
Teenagers between the ages of 13 and 18 are the target audience.
Teens who desire the flexibility to spend their money virtually anyplace are a good fit.
Even with a sponsor, users must be at least 13 years old to sign up for Wingocard. Sponsors are needed for users under the age of 18, which includes everyone—this is a teen-only app and card. Wingocard debit cards are not available to anybody under the age of 18.
Wingocard parents sponsor their children, which simply means that parents are the main account holders and children are the sub account holders and debit cards on this platform.
Wingocard is a prepaid debit card designed to provide teenagers spending independence.
Earn: Using the Wingocard app, kids may request additional money for their accounts from their parents. They may also get a certain amount of money from their parents on a monthly basis (s).
If a teen has a job, they may set up direct payment to their Wingocard account. The daily direct deposit transfer maximum is $5,000, with a monthly direct deposit limit of $20,000.
Users of Wingocard may earn $2 for each successful referral (this bonus is paid per account, not per person). When new customers utilize the unique link given to create an account, approve it, and finance it, referrals are successful. This can be done an unlimited number of times. Wingocard even offers a leaderboard for those who have referred the most people.
Spend: Wingocard customers may have a virtual debit card as well as a physical debit card with the same card number and PIN. Upon request, the virtual card may be provided right away, and the actual card will arrive in the mail soon after. Apple Pay is supported by the virtual card. Requesting or using either card has no fee attached to it.
Wingocard debit cards may be used virtually everywhere Visa is accepted, even on overseas transactions, with a few restrictions for minor security reasons, such as limited merchant categories.
All of a teen’s spending activities will be visible on their account dashboard. Each purchase they make will be recorded in their account, together with information such as how much they spent and when they last visited a business. They’ll also be able to see what proportion of their income goes toward various types of expenditure, such as eating, entertainment, and shopping. They have a daily spending limit of $2,500 and a monthly spending limit of $5,000.
Wingocard users may withdraw cash from over 87,000 ATMs using their prepaid debit cards. The usage of these in-network ATMs is free, however out-of-network ATMs may impose fees. In any given day or transaction, users are not allowed to withdraw more than $260 from an ATM.
A adolescent account’s maximum balance is $8,000. Wingocard does not allow you to overdraw your account or take out credit.
Save: Wingocard doesn’t have any built-in savings features, such as the ability to set up savings goals or segregate spending and saving money. If teenagers want to save money, they must simply abstain from spending.
Parents may make one-time transfers into their children’s accounts or set up automatic transfers for regular payments like allowance. Allowance payments are issued automatically at a parent’s specified frequency and one-time transfers are instantaneous.
Accounts may be financed in a variety of ways, including:
- Deposits made directly into your bank account
- ACH is an electronic funds transfer.
- Credit or debit card transaction (a parent’s Wingocard account can only have one credit or debit card connected at a time)
- Loading Visa Direct
Reloading cash and depositing checks, whether through mobile or paper checks, are not allowed. One of the simplest and quickest methods to fund an account is to link an external bank account and initiate transactions via Wingo.
A parent may only load $5,000 per day through all financing sources combined. A parent may transfer up to $2,500 from their own account to their teen’s account or vice versa. This is the daily as well as the monthly limit. When filling their account through ACH transfer or credit/debit card transaction, parents may load up to $250 at a time and per day, with a monthly load limit of $2,500. A parent account’s maximum balance is $10,000.
From their dashboard, parents may monitor their children’s activities and, if desired, get notifications anytime a virtual or real debit card is used. They may also impose spending restrictions to assist their children learn how to budget.
Parents who use Wingocards are unable to encourage their children to save by offering incentives, matching donations, or paying interest on savings balances.
Up to five sub accounts may be created with each Wingocard account. There is no additional cost for putting on extras. Parents have the ability to lock and unlock their children’s cards, as well as deactivate them, as they see appropriate. Because each account has just one main account holder, co-parents may face difficulties.
Costs: There are no monthly fees, no fees for inactivity, no fees for financing, and no fees for transfers. $1 per Visa Direct transfer, 3% overseas transaction charge, 3% international ATM withdrawal fee, $1.50 + 3% out-of-network domestic ATM withdrawal fee.
Wingocard accounts have no monthly fees or upcharges when new users are added. You also won’t have to be concerned about any hidden monthly or maintenance costs. This is, for all intents and purposes, a free account.
Third-party ATM costs incurred by users will not be refunded.
Please keep in mind that Wingocard has previously hinted about a Premium edition with more account features and choices. This will be a paid option, but we don’t yet know how much it will cost or what features it will include.
Most other adolescent debit cards on the market don’t provide as much cash access as Wingocard. Users will never be without cash if they need it, thanks to the extensive network of ATMs and the option to make international withdrawals.
Another benefit of this device is that it allows customers to become totally cashless if they so choose. They can use their virtual debit card on their phone if they don’t have their actual debit card with them. Apple Pay is compatible with the Wingocard Prepaid Visa Card, and more and more businesses are accepting virtual debit cards.
This product is also less expensive than the majority. Users who do not make overseas purchases or ATM withdrawals may be able to completely avoid account fees.
Another advantage is the availability of customer service. Over the weekend, representatives reply to queries by chat and email, and there are many ways to contact someone who can assist you. This may be beneficial due to the fact that this product is very new.
For many users, Wingocard’s absence of savings options may be a major drawback. This is mostly a spending card, which is fine, but some teenagers may prefer a product that allows them to spend, save, invest, or give their money all on the same platform.
One of Wingocard’s major flaws is that there is currently no Android version of the app. The business promises current and potential consumers that an app is in the works, but we don’t have any more details.
Wingocard also has certain account and loading restrictions in place. Total transfer limitations between the main account and sub accounts, as well as financing constraints, may make large families feel particularly constrained. Reloading with cash is also not allowed. This is a very frequent occurrence, yet it is still a possible disadvantage worth considering.
So far, people seem to be enthusiastic with Wingocard. However, before the card was even released, a remarkable number of reviews were posted for it. Wingocard touted the card for many months before delivering it, which irritated many app users who were looking forward to a card that would make the program more useful.
Customers have numerous good things to say about customer support and the platform’s easy-to-use features in the reviews that do exist for the product as a whole. Long wait periods for transfers and app crashes are among the most common complaints.
To contact customer service, use the Wingocard app to chat in real time, send an email to [email protected], or phone 1-833-699-4646. Monday through Sunday, between 9 a.m. and 6 p.m. EST, chat and email are accessible, and Monday through Friday, between 9 a.m. and 6 p.m., the phone line is available. This link may also be used to make a request.
In the App Store, the Wingocard app has a rating of 3.3 out of 5 stars. There is presently no Wingocard app available on Google Play, but the company claims to be working on one for Android users.
Through Community Federal Savings Bank, Wingocard accounts are FDIC insured up to the federally permitted maximum of $250,000.
Wingocard customers are protected by the Visa Zero Liability Policy, which exempts them from paying for transactions they did not authorize as long as they report suspicious activity, loss, or theft to Wingocard promptly.
Money orders, travelers checks, wire transfers, lottery tickets, and purchases made on gambling/casino websites and adult entertainment websites are all prohibited transactions.
The Wingocard can be used all around the world, however certain nations are prohibited by the US government, not Wingocard. Here is a full list of nations that have been sanctioned by the US Office of Foreign Asset Control.
Signing up for a Wingocard account takes just a few minutes. To begin, a parent must create their own account on the Wingocard website or app. Then they must ask their adolescent to join and create a Wingocard account for them.
Teens may also create an account and ask their parents to join; but, they will not be eligible for a debit card or account until their parent(s) or legal guardian has sponsored them.
If a user detects fraudulent behavior, they may send an email to [email protected], and a specialized fraud center will respond quickly.
The Wingocard prepaid debit card offers a number of advantages over its rivals and just a few disadvantages. Unfortunately, these capabilities are now available exclusively to Apple customers, thus this product is unlikely to become as popular as the competitors until this changes. The Wingocard Prepaid Visa Card is likewise not recommended for teenagers or parents who wish to save money.
With that stated, this product is a great choice for teenagers in general, offering great spending freedom and a pleasant user experience. The Wingocard debit card and banking platform for teenagers may be right for you if you’re searching for a banking platform to educate your kids financial responsibility while also providing them with the spending possibilities they want.
Wingcards are prepaid debit cards that let you load money directly onto your card. With Wingcards you can save money on everything from groceries to gas, letting you put money in your pocket instead of spending it. If you’re looking for a prepaid card that you can use to fund your child’s college education, check out our list of the best Wingcard options.. Read more about wingocard careers and let us know what you think.
Frequently Asked Questions
What is the best reloadable prepaid card for teenager?
The best prepaid card for teenagers is the Bluebird Prepaid MasterCard.
Whats the best prepaid card for kids?
The best prepaid card for kids is the Green Dot MoneyPak.
What is the best reloadable prepaid card?
The best reloadable prepaid card is the American Express Blue Cash Preferred.
This article broadly covered the following related topics:
- debit card for kids
- debit cards for kids
- prepaid debit cards for minors
- free credit card for kids
- debit card for kids under 13